FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 84.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,345 shares of the business services provider's stock after buying an additional 6,576 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in FTI Consulting were worth $2,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC purchased a new position in shares of FTI Consulting during the 3rd quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting during the third quarter worth approximately $35,000. Quarry LP increased its position in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after buying an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new stake in FTI Consulting in the 3rd quarter valued at $38,000. Finally, Jones Financial Companies Lllp increased its stake in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FCN shares. The Goldman Sachs Group reduced their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Truist Financial dropped their target price on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st.

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FTI Consulting Stock Performance

Shares of FCN stock traded down $1.43 during trading hours on Wednesday, reaching $165.17. The company had a trading volume of 152,994 shares, compared to its average volume of 294,571. FTI Consulting, Inc. has a 12-month low of $158.92 and a 12-month high of $243.60. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.18 and a beta of 0.14. The stock has a fifty day moving average of $182.58 and a 200-day moving average of $199.81.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. On average, analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.